Old Money Registry

Types / 1919

10000 Roubles, RSFSR, 1919

Расчетный знак РСФСР

very common

What was happening

A raschetny znak promises nothing but "the entire property of the Republic". There is no gold clause, no exchange undertaking, no signature of a bank manager — only a People's Commissar and a cashier. It is the paper of a state that had stopped pretending its money was a claim on anything.

These were printed to keep a war economy moving while the currency collapsed underneath it. Denominations climbed by orders of magnitude within months, and the 1922–24 reform eventually swept the whole issue away.

1 copy in the collection